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Bain Capital in Talks to Acquire Apex Tool Group

Bain Capital Agrees to Buy Apex Tool Group for $1.6B

Danaher Corp. (NYSE: DHR), Washington, DC, and Cooper Industries (NYSE: CBE), Dublin, Ireland, have agreed to sell Apex Tool Group to Bain Capital for $1.6 billion. Danaher and Cooper currently maintain a 50 percent joint ownership interest in Apex.

Apex will continue to be led by Steve Breitzka, president and CEO, and the rest of the current management team.

Apex Tool Group was created as a joint venture in 2010, combining Cooper’s Tools business with certain tools businesses from Danaher's Tools and Components unit.

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